Portfolio management & investment advice in New York 6,590 establishments · 91,774 employees · 2024
Firms (NY)
6,590
Employment
91,774
Avg Annual Pay
$506,827
State Rank
#4 of 52
How New York compares to national
Metric
New York
National
New York vs. U.S.
Establishments
6,590
88,234
7.5% of U.S. total
Avg annual pay
$506,827
$288,633
+$218,194 (+75.6%)
Location quotient
1.27
1.00
27% denser than national
Avg firm size (employees)
13.9
5.7
—
Year-over-year firm growth
+0.4%
—
—
Reading this
An establishment is a single physical location where business is conducted. A firm with multiple locations counts as multiple establishments. "Avg pay" is wages and salaries per employee, including bonuses and tips — for proprietorships, the owner's take is largely outside this number. The location quotient (LQ) of 1.27 means portfolio management & investment advice are 27% over-represented in New York's business mix relative to the U.S. average.
Top 10 states for portfolio management & investment advice
Source. BLS Quarterly Census of Employment and Wages — 2024 annual averages, private-ownership only, NAICS 523940. Establishment counts include any firm with at least one paid employee covered by state unemployment insurance.
SMB Density · firm counts, employment, and wages by industry × state · data from BLS QCEW 2024 annual (private ownership, state-level; mostly 6-digit NAICS, 3 specialty-trade industries at 5-digit aggregation) · data.json